Shift4 Payments Third Quarter 2024 Earnings: Misses Expectations

Shift4 Payments (NYSE:FOUR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$909.2m (up 35% from 3Q 2023).
• Net income: US$53.8m (up 65% from 3Q 2023).
• Profit margin: 5.9% (up from 4.8% in 3Q 2023).
• EPS: US$0.79 (up from US$0.56 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shift4 Payments Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 7.5%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Shift4 Payments (of which 1 is a bit unpleasant!) you should know about.

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